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Oak Woods Acquisition announced an extension of its initial business combination deadline to September 28, 2024. The original deadline was June 28, 2024. This extension was made possible by a timely deposit of $575,000 by the Company's sponsor, Whale Bay International Company , into the Company's trust account. This amounts to $0.10 per Unit as additional interest. The Company's stockholders are not entitled to vote on or redeem their shares regarding this extension.
Oak Woods Acquisition Corporation recently completed its initial public offering (IPO) of 5,750,000 units priced at $10.00 per unit, including the full exercise of an over-allotment option for 750,000 units. The IPO units began trading on Nasdaq under the ticker symbol OAKUU on March 24, 2023. Each unit comprises one Class A ordinary share, one redeemable warrant, and a right to receive one-sixth of a Class A share upon a business combination. The company aims to pursue mergers or acquisitions in the technology-enabled healthcare services sector within the Asia-Pacific region.
Oak Woods Acquisition Corporation has priced its initial public offering of 5,000,000 units at $10.00 per unit, set to begin trading on Nasdaq under the ticker symbol OAKUU starting March 24, 2023. Each unit includes one Class A ordinary share, one redeemable warrant, and a right to receive one-sixth of a Class A ordinary share upon a successful business combination. EF Hutton is the sole book-running manager for the offering, with a 45-day option for the underwriter to buy an additional 750,000 units. The offering is expected to close on March 28, 2023, subject to customary conditions.
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